Turkey are not out of the woods just yet...
Diupdate
=> The most recent rally failed to test the highs and implies that we are set for some period of corrective activity.
=> Bulls are taking profits as the momentum runs out of steam and this will provide the catalyst for the break of 5.9744. A close below here would then unlock the 38.2 fib levels next.
=> Similarly to our USDRUB and USDINR ideas, EM currencies are set up for quirky bearish trend reversal.
=> Good luck all
=> Bulls are taking profits as the momentum runs out of steam and this will provide the catalyst for the break of 5.9744. A close below here would then unlock the 38.2 fib levels next.
=> Similarly to our USDRUB and USDINR ideas, EM currencies are set up for quirky bearish trend reversal.
=> Good luck all
Catatan
I am not saying things are perfect but the 25% yield in Turkey is starting to look very attractive... another way to play this is 6.00 / 5.50 put spreads for the final QCatatan
We are breaking here...Catatan
As anticipated "a break of 5.9744 will unlock a test of the 38.2%"
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.